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please show all steps so I fully understand how to solve thank you Clark Co.'s advertising expense account had a balance of $154990 at December
please show all steps so I fully understand how to solve thank you
Clark Co.'s advertising expense account had a balance of $154990 at December 31, 20x1, before any necessary year-end adjustment relating to the following: Included in the $154990 is the $11528 cost of printing catalogs for a sales promotional campaign in January 20x2. Radio advertisements broadcast during December 20x1 were billed to Clark on January 2, 20x2. Clark paid the $9469 invoice on January 11, 20x2! What amount should Clark report as advertising expense in its income statement for the year ended December 31, 20x1? Select one: a. $ 143462 b. S 164459 ocS 133993 od. $ 152931 CheckStep by Step Solution
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